Tycoon reelected president of two chambers of commerce
Kith Meng, chairman of the Royal Group, was reelected president of the Cambodia Chamber of Commerce yesterday in a landslide vote at its Phnom Penh office. The tycoon, whose interests span television, banking, telecoms and property, was also reelected president of the Phnom Penh Chamber ...
Sok Chan
http://www.khmertimeskh.com/news/18177/tycoon-reelected-president-of-two-chambers-of-commerce/
Rice body elections come at crucial time
Elections are due in the Cambodia Rice Federation (CRF) for the second term of its president and council of board members. The elections come at a crucial time as the government considers an emergency loan request from the CRF to help protect the rice sector ...
Chea Vannak
http://www.khmertimeskh.com/news/25665/rice-body-elections-come-at-crucial-time/
More Chinese FDI on the horizon
China has pledged to increase its investment in Cambodia in return for the Kingdom’s commitment to its regional policies and economic initiatives in Southeast Asia. Wang Lei, secretary-general of the Chinese-ASEAN Expo (CAEXPO) Secretariat, said on Wednesday that Cambodia had thrown its full support behind China’s ...
Kali Kotoski
http://www.phnompenhpost.com/business/more-chinese-fdi-horizon
Kingdom’s road infrastructure pressured by increased car sales
Rising incomes are driving the growth of new and used car sales in the Kingdom, putting pressure on the Kingdom’s limited road infrastructure, an industry specialist said yesterday. ...
Ayanna Runcie
http://www.phnompenhpost.com/business/kingdoms-road-infrastructure-pressured-increased-car-sales
Non-taxpayers targeted
The government will not increase the rate for income tax and other taxes for the next two years, but will instead concentrate on expanding the base for tax collection, taking into account that there are still many individuals and businesses that do not pay tax ...
Sok Chan
http://www.khmertimeskh.com/news/30034/non-taxpayers-targeted/
China to align Asean policy with Cambodia
China is considering setting up an industrial zone in Cambodia and says it will announce new areas of cooperation with Asean nations in line with Cambodia’s industrial development policy. The issues were discussed on Saturday when Commerce Minister Pan Sorasak met Xu Ningning, executive president of ...
Sum Manet
http://www.khmertimeskh.com/news/32729/china-to-align-asean-policy-with-cambodia/
Brands tell GMAC to dial it down
Some of the world’s largest clothing brands have warned the Garment Manufacturers Association in Cambodia of possible business ramifications should the factory representative continue with plans to impede labour monitoring. Thirteen major buyers, including Gap, H&M, Levi’s, Nike and Puma, have signed a letter to GMAC ...
Daniel de Carteret
http://www.phnompenhpost.com/business/brands-tell-gmac-dial-it-down
New chairman of the Cambodia Rice Federation viewed with suspicion by local media; agenda will focus on raising rice quality, lower borrowing rates
The newly-formed Cambodia Rice Federation (CRF), a body that aims to unite the rice sector under one representative body in the country, just elected its first chairman and he happens to be the son of Cambodia’s deputy prime minister. He is also the CEO of ...
Oryza News Staff
http://oryza.com/news/rice-news/new-chairman-cambodia-rice-federation-viewed-suspicion-local-media-agenda-will-focus
Coca-cola guides ‘rebranding’ cambodia event
Commerce Minister Sun Chanthol evoked the late U.S. President John Kennedy on Friday at a seminar about “rebranding” Cambodia that quickly turned into a promotional event for Coca-Cola. ...
Matt Blomberg and Kang Sothear
https://www.cambodiadaily.com/news/coca-cola-guides-rebranding-cambodia-event-80912/
China company plans EV assembly in Cambodia
China Matrix Technology Group-Horche Intelligent Automobile plans to set up a unit to assemble electric vehicles in Koh Kong province, as per a virtual meeting on October 22. ...
Sok Sithika
https://www.khmertimeskh.com/501174221/china-company-plans-ev-assembly-in-cambodia/
Kingdom takes steps to attract milled-rice buyers
A nationwide survey was under way by the Ministry of Commerce’s Rice Exporter Union to measure Cambodia’s milled-rice industry in order to give international buyers an accurate picture of the Kingdom’s current capacity, insiders said yesterday. Although data for the survey was still being collected, those ...
Government urged to hasten amendment of investment laws
The government should speed up amendments to its investment laws ahead of two major business conferences set for next year when visiting foreign investors will get first-hand knowledge of the economy, the head of a local business association said yesterday. ...
Kali Kotoski
http://www.phnompenhpost.com/business/government-urged-hasten-amendment-investment-laws
Cambodia needs to polish reputation
The chief economist at the Economic Research Institute for ASEAN and East Asia says Cambodia needs to attract greater numbers of multinational companies and treat them well, in order to establish production networks that will transfer technology to smaller Cambodian businesses. In an interview with the ...
Companies aim to be socially minded
Four companies in Cambodia — EZECOM, Manulife Cambodia, Angkor Gold and Unilever — have demonstrated their commitment to corporate social responsibility this month by giving support to schools, a hospital and sustainable living. CSR Asia, the leading provider of information, training, research and consultancy services on ...
Project set to develop franchising
The University of Sydney Business School has launched a research project in an effort to identify barriers to franchising in Southeast Asia, including Cambodia, and to develop a strategy to boost the sector’s growth in the region. The two-year project, funded by AusAID, targets structural, regulatory, ...
http://www.phnompenhpost.com/2013020861250/Business/project-set-to-develop-franchising.html
Royal Palace Road Closures Are Crippling Local Businesses
Owners of local businesses along six streets near the Royal Palace that have been closed to prevent excessive noise during the three-month mourning period for late King father Norodom Sihanouk said yesterday that the road blocks are having a negative impact on their trade. Gated roadblocks ...
In Need of Power, Phnom Penh Blacks Out
Rolling blackouts that plagued Phnom Penh this week were the result of the city’s power supply being unable to meet demand as the country moves into the hot season, officials at state-owned Electricite du Cambodge (EdC) said on Friday. Power Outages rolled over the city this ...
Lost Opportunities as Cambodian Labor Goes Abroad: Advocate
Even with an improved domestic job market, many Cambodian workers are seeking jobs overseas, despite the risks. This is mainly due to the government’s failure to get the word out, Moeun Tola, a labor advocate at the Community Legal Education Center, told “Hello VOA” Thursday. “We see ...
European imports of Cambodian bicycles up
Despite concern from the E.U. that Cambodia is being used by Chinese bicycle makers to avoid an anti-dumping duty, the bike industry has maintained strong export growth to Europe, according to the latest data from the European Commission (E.C.). ...
Tej Parikh
https://www.cambodiadaily.com/news/european-imports-of-cambodian-bicycles-up-109352/
Accounting standards miss mark
The first-ever study to measure compliance with Cambodia’s new Law on Accounting and Auditing found few companies willing to talk about their accounting practices, and a low rate of compliance among those that did. ...
Matthieu de Gaudemar
http://www.phnompenhpost.com/business/accounting-standards-miss-mark